by Marian Wang, ProPublica, June 6, 2011.
Here's the latest from our Highly Placed Professional.
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The Securities and Exchange Commission has charged Eric Lipkin, a longtime employee at Bernard L. Madoff Investment Securities LLC (BMIS), with helping Bernard L. Madoff and his firm deceive and defraud investors and regulators about the massive Ponzi scheme.
Former International Monetary Fund Managing Director Dominique Strauss-Kahn pleaded not guilty three weeks after his arrest on charges of sexually assaulting and trying to rape a Manhattan hotel maid.
Yep, $32bn in losses over the next three years relating to the US housing market. And it's Bank of America (BAC).
Goldman's ex-partners are preparing for their 6-monthly dinner next month, when they meet former colleagues, exchange market gossip and discuss the challenges facing the firm and the industry.
Here's 7 key statistics about SEC enforcement actions addressing misconduct that led to, or arose from, the financial crisis.
Despite some recent signs of economic recovery, 63% of Americans continue to feel 'not good' or 'bad' about the state of the U.S. economy, representing a significant increase from May 2010 when only 49% of Americans felt this gloomy.
by Jesse Eisinger and Jake Bernstein, ProPublica.
UBS is being investigated by the U.S. over whether it helped Americans evade taxes by improperly using securities that let owners conceal their identity, three people familiar with the matter said.
Around half of Deutsche Bank's Germany staff are said to receive cuts.
The conventional wisdom about the state of the world economy goes something like this: since the start of the 2007-2008 financial crisis, the developed world has struggled to recover, with only the United States able to adjust.